On February 5, 2014, Yahoo! Inc.
broke ground on a new state-of-the-art facility that will serve as an important expansion of its Champaign, IL technology hub. Leaders from Yahoo, the State of Illinois, the University of Illinois at Urbana-Champaign, and the City of Champaign announced plans for the new building and expanded workforce which includes the creation of 36 new full time jobs and retention of 85 employees. Illinois’ targeted investment package includes DCEO’s Economic Development for a Growing Economy (EDGE)
tax credit and training grants through the Employer Training Investment Program (ETIP)
“The presence of Yahoo at the U of I is an incredible resource for the technology industry in Illinois,” Governor Pat Quinn said. “Illinois is a technology leader and we are actively working to grow our economy, create jobs and keep our state a center for innovation worldwide. Places like Research Park at the University of Illinois are essential in making Illinois even more competitive.”
Champaign is the home of several Yahoo engineering teams working on critical technologies for the company. Yahoo currently occupies 24,000 sq.ft. of office space and is the largest full-time employer in the University of Illinois Research Park. The new 40,000 sq. ft. building will be solely constructed for Yahoo. Plans include recruitment of engineers over 12-24 months.
Yahoo is a company focused on making the world's daily habits inspiring and entertaining. By creating highly personalized experiences, we keep people connected to what matters most to them, across devices and around the world. In turn, we create value for advertisers by connecting them with the audiences that build their businesses. Yahoo is headquartered in Sunnyvale, California, and has offices located throughout the Americas, Asia Pacific and the Europe, Middle East and Africa regions.
Easton-Bell Sports, one of the leading manufacturers of sporting goods equipment and protective product apparel, announced on August 15, 2012 that it will expand its current base of operations to a proposed new facility west of Interstate 57 in Rantoul. The move to open the new facility will be slightly more than 800,000 square feet and house a distribution center, assembly plant and shared-service center.
Easton-Bell Sports employs 300 people and has two facilities currently in Rantoul. One is along U.S. 136 east of Rantoul, and the other is at one of the hangars on the former Chanute Air Force Base. Under the proposal, the new Easton-Bell Sports facility would house all employees and parts of the company in one location.
Easton-Bell Sports produces 4 million Riddell football helmets and ships more than 13 million bike helmets on an annual basis. Bell Sports has been in Rantoul since 1983. The company has headquarters in Van Nuys, Calif., and has 32 facilities worldwide and had several out of state options when choosing to site a new plant but chose to stay in Rantoul, IL.
Completion of the new facility should take place in late 2013. The new facility will be about 3.6 miles from its current location along U.S. 136. The new center will have a $53 million direct economic effect on wages, a $10 million indirect economic effect of secondary wage spending and an $11 million induced effect of tertiary wages in East Central Illinois.
Illinois’ targeted investment package, which is estimated at $3.4 million, includes Economic Development for a Growing Economy tax credits and a training grant through the Employer Training Investment Program. Governor Quinn has proclaimed Aug. 12 “Easton-Bell Day” in Illinois.